Chile's Corfo to issue tender for projects that make lithium products

admin admin | 09-06 16:20

Chile's Corfo development agency to launch a call for bids for projects making lithium products.
The head of Chile's Corfo development agency said on Thursday he will launch a call for bids for projects making lithium products while accessing a preferential price "as soon as possible," following a previous delay.

Chile is a major producer of the key battery metal.

Corfo had previously said it would launch the process in August but it was delayed due to a legal issue, according to Corfo chief Jose Miguel Benavente.

The chosen companies will have access to lithium at a preferential price produced by Albemarle, the world's largest miner of the ultra-light metal. The firms would produce products including lithium derivatives used in electric vehicle batteries.

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